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By writer Michael Carnery of PandoDaily
It’s said that Series A rounds are raised on promises, and Series B rounds are raised based on delivering against those promises. If this is true, then the behind the scenes numbers at pet services marketplace DogVacay must be pretty stout.
Today, the company announced $15 million of new financing in a round led by Foundation Capital, with participation from existing investors Benchmark and First Round Capital*, as well as new investors . This latest round brings the company’s total financing to $22 million dating back to March 2012, with earlier investors including Andreessen Horowitz*, Quest Venture Partners, Baroda Ventures, and Science Inc.